FASB Names Six New Members to Not-for-Profit Advisory Committee



The Financial Accounting Standards Board (FASB) appointed six new members to its Not-for-Profit Advisory Committee (NAC), effective January 1, 2020.

The NAC serves as a standing resource for the FASB. Its role is to obtain input from the non-profit sector on existing financial reporting guidance, current and proposed technical agenda projects, and longer term or pervasive financial reporting matters affecting those organizations.

The new members of the NAC are:

Users

  • Jennifer Deger, director of Finance and Global Controller, the Bill & Melinda Gates Foundation
  • Dennis Gephardt, vice president and senior credit officer, Moody’s Investors Service

Practitioners

  • Melisa Galasso, owner, Galasso Learning Solutions, and Director, Cherry Bekaert
  • Andrea Wright, partner and not-for-profit practice lead, Johnson Lambert

Preparers

  • Kevin Carey, chief financial officer, Young Adult Institute
  • Barbara Potts, system vice president – Finance, SSM Health

“Individually and as a group, Jennifer, Dennis, Melisa, Andrea, Kevin, and Barbara will add significantly to the richness and diversity of perspectives that have characterized the NAC since its inception in 2010,” said FASB Chairman Russell G. Golden. “We look forward to welcoming them to their new roles.”

The incoming NAC members will replace six members whose terms expire on December 31, 2019: Alice Antonelli, Cathy Clarke, Jim Croft, Michael Forster, Andrew Prather, and Amy Robinson.

“On behalf of the FASB, I want to thank Alice, Cathy, Jim, Mike, Andrew, and Amy for their outstanding service on the NAC,” Golden added. “We deeply appreciate the expert insights they each brought to NAC discussions about topics of importance to the not-for-profit sector.”

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